Multiple Choice
Which of the following statements is in?
A) an auditor may decide to stratify the population before selecting a sample from it
B) an auditor will use their professional judgement to determine the tolerable error and required level of confidence
C) when detection risk is set as high,an auditor will require a high level of confidence that the transactions and accounts are not materially misstated
D) an auditor will use their professional judgement when considering what would be considered an error within the population tested
Correct Answer:
Verified
Correct Answer:
Verified
Q4: For high-risk accounts,the timing of most audit
Q5: Tests of controls are audit procedures designed
Q6: When conducting substantive testing,which of the following
Q7: Sampling risk is the risk that the
Q8: If an auditor decides that a client
Q10: Explain how auditors evaluate the results of
Q11: Identify and explain the factors that influence
Q12: Which of the following statements regarding statistical
Q13: When testing controls,a decrease in the sample
Q14: Block selection involves the selection of items